Old State Bank (Owensville, IN)

Episode Information

Episode UID
71056071586
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7105607 routing
Routing Number
71-0560
Start Date
February 8, 1932
Location
Owensville, Indiana (38.272, -87.688)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
51fd74182274963b

Response Measures

None

Description

OCR shows receiver name as For man E. Knowles (likely Forman E. Knowles).

Events (3)
1. February 8, 1932 Receivership
Newspaper Excerpt
For man E. Knowles was named receiver.
Source
newspapers
2. February 8, 1932 Suspension
Cause
Government Action
Cause Details
State commissioner filed application in circuit court asking that a receiver be appointed for the Owensville State Bank (merged from Old State and First State).
Newspaper Excerpt
Another application for a bank receiver has been filed ... This action is supplementary to a suit filed some time ago in which a receiver was asked for the Owensville State bank and Old State bank.
Source
newspapers
3. March 23, 1932 Other
Newspaper Excerpt
The consolidated bank is now closed.
Source
newspapers

Newspaper Articles (2)
1. February 8, 1932 Princeton Daily Clarion Princeton, IN

Article Text

FIRST STATE BANK RECEIVER ASKED Another application for a bank receiver has been filed in circuit court. The title of the application is state commissioner of Indiana. against the First State bank of Owensville. A hearing is set for February 19 in the circuit courtroom. This action is supplementary to a suit filed some time ago in which a receiver was asked for the Owensville State bank and Old State bank. For man E. Knowles was named receiver. The Owensville State bank was the result of merger of two banks, the Old State and the First State banks.

2. March 23, 1932 Evansville Press Evansville, IN

Article Text

KAHN IS OWENSVILLE BANK TRIAL JUDGE Evansville Attorney to Set Date for Hearing Saturday Isadore Kahn, Evansville attorney, Wednesday was named special judge in one Owensville, Ind., bank suit to be tried at Princeton, Ind. Kahn will hear the suit of Forman Knowles, Old State Bank receiver of Owensville, against Paul Brazelton, receiver of the First State Bank of that town. Knowles asks $58,000, charging irregularities in the merger of the two banks. The consolidated bank is now closed. Judge Claude E. Smith of Gibson County Circuit Court disqualified himself because of relationship to bank officers. Kahn will go to Princeton, Ind., Saturday to set a date for hearing the case. WILMINGTON — General Stockyards Corporation reported net income for 1931 was $709,723, or $8.67 a share on the common stock, against $502,802, or $5.33 a share, in 1930.